The Cabinet of Ministers of Ukraine at its meeting on June 2 approved the legal and organizational framework for the functioning of the State Agrarian Register. According to Prime Minister Denys Shmyhal, the implementation of this project will enable farmers to gain simplified access to state support programs and make its distribution more public and transparent.
"Launching the agrarian register will make the interaction between the state and the agricultural producer simple and convenient. The issue at stake is primarily about fair rules of the game and partnership between the state and business," the Head of Government stressed.
The PM emphasized that the creation of the State Agrarian Register is important in the context of the launch of the land market to ensure the sustainable development of the sector.
"One of the steps in this direction is state support for small and medium-sized agricultural producers. The lack of a single electronic system of agricultural producers in Ukraine significantly slows down the process of providing support and further distribution of funds. Instead of getting quick money for development, farmers often wait for verification and confirmation of whether they are eligible for a particular support program. We are correcting this," Denys Shmyhal said.
According to the Head of Government, many farmers are actively using the State Program Affordable Loans at 5-7-9%: loans issued to small and medium-sized businesses has already reached almost 45 billion hryvnias.
"This demonstrates a high demand for the program and proves its effectiveness. The program of state portfolio guarantees, which also reduces the cost of lending, is also beginning to gain momentum," Denys Shmyhal said.
The Prime Minister stressed that the Government has agreed on the technical issues of these programs, which will allow more equitable access to state support.